March, 15 2005	Tuesday	4 Safar 1426

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Inflation up by 9.95pc in Feb KARACHI, March 14: Inflation rose by 9.95 per cent in February 2005 over February 2004, data released by the Federal Bureau of Statistics show. This is the highest increase in inflation...		New wheat trade system this season KARACHI, March 14: A new system for wheat trade is being worked out this season which gives all incentives of the free market to the growers. The two provinces, Sindh and...
Oil prices fall LONDON, March 14: World oil prices fell on Monday ahead of Opec’s meeting in Iran this week, as cartel kingpin Saudi Arabia threw its weight behind an output hike, dealers said....		‘Tax reforms project needs scrutiny’ ISLAMABAD, March 14: The Planning Commission has called for “thorough scrutiny” of the CBR’s Rs9.5 billion proposed Tax Administration Reforms Programme (TARP) as its PC-1 was found to be “very sketchy...
KSE index briefly crosses 10,000-point barrier KARACHI, March 14: The KSE 100-share index on Monday briefly breached through the barrier of 10,000 points but finished slightly below it as bulls pushed it down later on owing to...		Business cost still low: PM KARACHI, March 14: Prime Minister Shaukat Aziz has said that business environment in Pakistan was never so favourable to earn profit as it is now and anyone who is not making...
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GSP plus: tough debate at EU moot likely BRUSSELS, March 14: European Union foreign ministers meeting in Brussels this week face tough discussions on granting special trade preferences to Pakistan, with several EU states expected to back Islamabad’s long-standing...		Surge not artificial: KSE chief KARACHI, March 14: KSE Chairman Yasin Lakhani said on Monday that the local investors and overseas Pakistanis were the major players in the recent surge in the stock market....
CARE to smoothen cargo clearance KARACHI, March 14: The Customs Administrative Reforms (CARE) system being implemented from March 23, 2005 will revolutionize the clearance of goods at the Karachi Customs as it will help reduce cost...		Govt plans more public offerings PESHAWAR, March 14: Privatization and Investment Minister Dr Abdul Hafeez Sheikh has said that the government would offer its shareholding in State Life Insurance Company (Slic) and United Bank Limited (UBL)...
Delay in clearing of port bills flayed KARACHI, March 14: Pakistan Ship’s Agents Association (PSAA) has taken serious note of long delay in finalization of port bills at Port Qasim despite the fact that shipping agents deposit port...		Ginners lower prices on cotton market KARACHI, March 14: Easier conditions prevailed on the cotton market on Monday as some of the ginners further lowered their asking prices to sell odd lots....
Saudi prince briefed on economic policies ISLAMABAD, March 14: Pakistan is destined to become a “second Malaysia” if it continues to pursue its current economic policies with consistency and maintains the pace at which they are being...		Pakistani engineers doing well in Dubai DUBAI, March 14: The Pakistani engineers are performing exceptionally well in the electricity sector in Dubai....
Poor cell, cable, ISPs services resented KARACHI, March 14: The Union of Small and Medium Enterprises (Unisame) has appealed to the secretary ministry of communication to take notice of the poor quality of service provided to subscribers...		Port Qasim KARACHI, March 14: Two ships, P&O Nedlloyd Colombo and Min Noble, carrying containers and iron ore were berthed at QICT and IOCB, respectively, during the last 24 hours, said a PQA...